BTC
$106,364.56
+
0.66%
ETH
$2,534.28
+
0.57%
USDT
$1.0005
+
0.01%
XRP
$2.2863
+
4.85%
BNB
$653.69
+
0.29%
SOL
$154.03
+
2.25%
USDC
$0.9998
+
0.00%
DOGE
$0.1857
+
1.74%
TRX
$0.2827
–
0.34%
ADA
$0.6739
+
1.50%
HYPE
$36.13
+
4.79%
SUI
$3.2620
+
0.85%
LINK
$13.86
+
0.31%
AVAX
$21.29
+
2.19%
LEO
$9.1849
+
1.58%
XLM
$0.2702
+
1.71%
BCH
$415.09
+
1.94%
TON
$3.1990
+
0.75%
SHIB
$0.0₄1267
–
0.55%
HBAR
$0.1708
+
0.73%
By Siamak Masnavi, CD Analytics|Edited by Aoyon Ashraf
Updated Jun 8, 2025, 6:17 p.m. Published Jun 8, 2025, 6:12 p.m.
- BTC traded between $105,043 and $106,101 over 24 hours, closing at $106,332 with a 0.78% gain.
- Price formed resistance near $106,100 while support held firm at $105,400.
- Political unrest in Los Angeles failed to dampen market sentiment as traders shrugged off macro risks.
Bitcoin (BTC)
maintained a steady climb Saturday as U.S. domestic tensions intensified.
Markets remained focused on crypto resilience despite unsettling headlines, including an immigration-related standoff in Los Angeles.
STORY CONTINUES BELOW
According to a report by CNBC, over 100 arrests have been reported as clashes continued between protesters and federal agents, prompting President Trump to authorize the deployment of 2,000 National Guard troops. By Sunday morning, elements of the 79th Infantry Brigade had arrived on-site, according to Northern Command.
Further escalation came with Defense Secretary Pete Hegseth warning that U.S. Marines at Camp Pendleton could also be mobilized if violence persists. Still, Bitcoin’s stability at $106,332 suggests crypto investors remain unfazed, treating the unrest as a regional event rather than a market-moving crisis.
Bitcoin traded within a narrow $1,057 range, from $105,043 to $106,101, and is currently hovering at $106,332. The price action showed a strong rebound after briefly dipping below $105,100, as buying interest re-emerged around the $105,400 support level, according to CoinDesk Research’s technical analysis model.
An early breakout attempt above $106,100 ran into selling pressure, creating a high-volume resistance zone. That move was short-lived as profit-taking set in, though the coin held onto its gains. The consolidation structure remains bullish, with the pattern of higher lows hinting at a potential push toward $107,000 if resistance breaks cleanly.
Despite broader macro headwinds, BTC continues to attract buyers during dips, underscoring its role as a perceived hedge amid rising uncertainty.
Technical Analysis Highlights
- BTC traded within a $1,288 range (1.22%) between a low of $105,043.65 and a 24-hour high of $106,332.
- Resistance around $105,900–$106,100 was broken as price surged beyond this zone with strong volume during the early afternoon.
- Support at $105,400 held firm through several retests, reinforcing bullish sentiment.
- A breakout to $106,332 occurred around 13:48, followed by minor profit-taking and stabilization above $106,000.
- The hourly chart shows an ascending trend with consistent higher lows, invalidating the earlier “pump and dump” interpretation.
- With momentum intact, BTC may test the $107,000 resistance level if current support near $105,800 holds.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
